Wednesday 9/16 Insider Buying Report: SLB, HMST

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

So let's look at two noteworthy recent insider buys.

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

So let's look at two noteworthy recent insider buys.

On Monday, Schlumberger's Chief Executive Officer, Peuch Olivier Le, made a $448,850 purchase of SLB, buying 25,000 shares at a cost of $17.95 each.

Le was up about 3.7% on the buy at the high point of today's trading session, with SLB trading as high as $18.62 at last check today.

Schlumberger is trading up about 2.1% on the day Wednesday.

Before this latest buy, Le made one other purchase in the past year, buying $137,650 shares at a cost of $13.77 each.

And also on Monday, Director Mark Robert Patterson bought $402,750 worth of HomeStreet, buying 15,000 shares at a cost of $26.85 each.

Before this latest buy, Patterson purchased HMST at 4 other times during the past twelve months, for a total investment of $1.02M at an average of $23.77 per share.

HomeStreet is trading up about 1.3% on the day Wednesday.

So far Patterson is in the green, up about 3.0% on their purchase based on today's trading high of $27.65.